New Frontier Minerals (ASX: NFM has flown a high- resolution, helicopter-borne radiometric and magnetic survey at the Harts Range Uranium, Niobium and Heavy Rare Earths Project, located 140km north-east of Alice Springs in the Northern Territory.
The geophysical survey data is being processed and interpreted by a geophysicist contractor and the preliminary findings are expected soon. The board is optimistic potential extensions to known Uranium, Niobium, and Heavy Rare Earth mineralisation may be identified which will assist with the prioritisation of targets for drill-testing.
“The completion of the helicopter-borne radiometric and magnetic survey ensures our geology team will have all the necessary information to select high priority targets for drill testing,” chairman, Ged Hall, said.
“This milestone reflects our deliberate and methodical exploration strategy, aimed at maintaining low costs while maximising value for shareholders. With momentum building since the start of our exploration campaign, the NFM Board and management are increasingly optimistic about launching a value-driven drilling program in the near future.”
New Resolution Geophysics (NRG) has completed its comprehensive helicopter-borne radiometric and magnetic survey at the Harts Range Project. The survey data has been sent to a geophysicist contractor for analysis and interpretation.
Once the full suite of geophysical and historical data is reviewed and interpreted, NFM’s geology team should be able to select high priority targets for drill-testing.
Prior exploration at the Harts Range Project identified multiple occurrences of high-grade Uranium-Niobium and Heavy Rare Earths mineralisation associated with radioactive pegmatites4.
Utilising open-sourced satellite imagery, a preliminary satellite image desktop interpretation has visually identified numerous pegmatites across the project area.
The desktop interpretation is preliminary and NFM’s geology team intends to verify all geological features identified as pegmatites on the ground. However, in areas with dense vegetation, some pegmatites may have been overlooked. By integrating geophysical data with the interpreted pegmatites, the team can generate incremental targets for ground verification and prioritise them for drilling.
